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U.S. and China eye trade talks, Fed issues warning and Europe grapples with virus surge.

China and the U.S. have agreed to hold a call soon to discuss the progress of their trade deal, according to the commerce ministry in Beijing. The comments Thursday didn’t announce an exact date, or elaborate further. The two sides had previously been expected to talk this past weekend as a review was scheduled six months since the trade deal went into effect. Talks between the U.S. and China continue regularly at lower levels, according to Greg Gilligan, chairman of the American Chamber of Commerce in China. Meanwhile TikTok’s Chinese owner is proposing to settle consumer privacy litigation that has exposed it to hundreds of millions of dollars in damages as it prepares for a possible acquisition under threat of being shut down in America.